Consumer Drones Global Market Report 2024 - By Growth, Trends, Size, Forecast To 2033

The consumer drones market has experienced remarkable growth, surging from $5.72 billion in 2023 to $6.77 billion in 2024, boasting an impressive compound annual growth rate (CAGR) of 18.2%. Projections indicate sustained robust growth, with the market poised to reach $9.25 billion by 2028, maintaining a CAGR of 8.1%. Key drivers influencing this upward trajectory are outlined below.

Rising Agricultural Demand Propels Consumer Drone Market Growth
Anticipated growth in the consumer drone market is propelled by the increasing demand in agriculture. Drones play a pivotal role in agriculture by providing farmers with detailed insights into their crops and livestock, facilitating informed decision-making and operational optimization. Notably, the California Department of Food and Agriculture reports a significant 8.8% increase in cash receipts for agricultural output in 2022 compared to the previous year, emphasizing the crucial role of consumer drones in meeting growing agricultural demands.

Surge in Aerial Photography Drives Consumer (Recreational) Drone Market
The consumer drone market is witnessing substantial growth due to the burgeoning popularity of aerial photography. Enthusiasts are increasingly utilizing drones to capture stunning photographs and videos from a unique birds-eye perspective, a task that traditionally required high-end video cranes. The surge in aerial photography popularity has led to increased consumer adoption of hobbyist drones, driving overall market growth. According to the United States Federal Aviation Administration, 3.5 million small hobbyist drones were anticipated in 2021, illustrating the widespread use of these devices.

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Innovative Products Elevate Consumer Drone Market
Major players in the consumer drone market are at the forefront of innovation, developing cutting-edge products such as the Mini 4 Pro to enhance customer experience. The Mini 4 Pro, launched by SZ DJI Technology Co. Ltd., is a lightweight and user-friendly drone equipped with the built-in DJI Fly app, eliminating the need for smartphone usage during flight. This innovative drone boasts features like Large-Angle Tilt, True Vertical Shooting, Digital Zoom, DJI O4 FHD digital video transmission system, omnidirectional obstacle sensing, upgraded ActiveTrack 360°, improved camera sensor, and Intelligent Flight Battery, making it a versatile and powerful choice for adventure enthusiasts.

Artificial Intelligence Revolutionizes Consumer Drones
Consumer drone manufacturers are increasingly incorporating artificial intelligence to introduce self-navigation capabilities. Drones with beyond-controller-range and line-of-sight capabilities leverage AI through deep-learning algorithms and other machine learning methods. By programming flight instructions within the drone itself, AI enables autonomous flight, allowing drones to self-navigate and make corrections based on variables like target location, rotor speed, height, air-speed velocity, and environmental factors. For example, Skydio's R1 drone utilizes machine learning to maneuver and follow a person seamlessly.

Regional Dynamics and Market Segmentation
North America emerged as the largest region in the consumer drones market in 2023, with projections indicating it will be the fastest-growing region during the forecast period. The comprehensive market report encompasses regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

• Market Segmentation:
• By Type: Fixed Wing Drone, Rotary Blade Drone, Hybrid Drone
• By Technology: Remotely Operated Drone, Semi-Autonomous Drone, Autonomous Drone
• By Application: Hobbyist & Gaming, Aerial Photography, Others

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Consumer Drones Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Consumer Drones Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on consumer drones market size, consumer drones market drivers and trends, consumer drones market major players, consumer drones market competitors' revenues, consumer drones market positioning, and consumer drones market growth across geographies. The consumer drones market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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